CIB - Fund Accounting Associate - Associate - Sydney
Req #: 180020294
Job Category: Accounting/Finance/Audit/Risk
About J.P. Morgan Corporate & Investment Bank:
J.P. Morgan’s Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. It provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries.
The global businesses of the Corporate & Investment Bank is organised into two main groups: Banking and Markets & Investor Services. Banking includes Investment Banking, Corporate Banking and Treasury Services, and Markets & Investor Services includes Fixed Income, Equity Sales & Trading, Prime Services and Securities Clearing.
J.P. Morgan Investor Services (IS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. IS leverages the firm's global scale, leading technology and deep industry expertise to service investments around the world. Locally, the IS business has a strong market position, ranking first in total assets under custody.
Fund Accounting and Middle Office is part of Investor Services and provides audited investment valuations, accounting and related reporting such as tax, compliance and performance to its clients, it is also responsible for the calculation and release of daily unit prices in conjunction with performance figures to clients & financial markets. Clients include large industry superannuation funds, investment management unit trusts based in Australia as well as other locations within Asia Pacific such as New Zealand.
The Fund Accounting Associates are responsible for the overall management of the day to day operations across a number of clients, including full responsibility for Client & Third Party deliverables as documented in the Service Level Agreement (SLA). It also requires oversight of a robust Supervisory Risk & Control Framework covering key control functions in Fund Accounting. The role will also maintain a focus on developing and maintaining strong client relationships and also ensuring effective staff management process, including supervising and coaching all team members, providing open communication through the application of frequent one-on-ones and completion of half-yearly appraisals.
Key Accountabilities / Major Responsibilities:
Client management and satisfaction, involving client query resolution, client meetings, review of SLAs, meeting all deliverables, reviewing client service requirements periodically.
Overall responsibility to ensure that all deliverables are met - reporting on a daily, weekly and monthly basis.
Responsibility for compliance with documentation requirements and implementation of procedures.
Identify and lead change with system development and process improvements.
Liaise with upstream and downstream teams in regard to setting SLAs, resolving issues, and assist with training/ coaching.
Minimum five year’s experience in Fund Operations & Unit Trust Pricing (Administration/Management/Accounting)
Completion of, or currently studying towards, a relevant post graduate qualification (e.g. CA, CPA, CFA or Masters of Applied Finance) highly regarded
A degree in Accounting, Mathematics, Economics or a related discipline
Strong systems and technical knowledge of HiPortfolio (or asset management systems) and GTI (or custody systems)
Excellent working knowledge of financial markets and instruments, both domestic and international
Strong PC skills in particular Excel, an advantage